Swedish largest regional airline Nextjet, has filled for bankruptcy and cancelled all flights

Swedish largest regional airline Nextjet based at Stockholm Arlanda airport, has filled for bankruptcy on Wednesday 16 May 2018, and cancelled all flights that departed after 1pm on that day.

“It is deeply regrettable that the board is forced to make this decision…” said Magnus Ivarsson, the CEO for Nextjet. “We have done everything in our power to find a solution, but have unfortunately not succeeded. A liquidator will now be appointed to make a decision on the future of the company,” he added.

After reviewing Nextjet’s financial status, Sweden’s Transport Agency, Transportstyrelsen revoked its operating licence in August 2017. However, the airline managed to operate under a temporary permit and in October the Transport Administration approved a new licence for the company.

The airline urged passengers not to go to the airport, and contact the travel agents or credit card provider for claims.